Category: Companies House

Setting up a Limited Company in the UK is a straightforward process when you have the necessary information prepared. Providing accurate details from the start helps avoid delays and ensures your company is registered correctly with Companies House. To register your Ltd, you will typically need proof of identity and address for each director, your…
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There are many misconceptions about Making Tax Digital (MTD). One of the biggest myths is that businesses will have to pay tax every quarter. In fact, quarterly submissions are only updates sent to HMRC—they do not automatically mean quarterly tax payments. Another common myth is that MTD applies to everyone. In reality, the rules are…
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Have you moved house, changed your phone number, or updated your email address? Many business owners don’t think to inform HMRC, assuming it’s only a minor detail. In reality, HMRC uses these contact details to send important notices, tax reminders, and updates about your account. Missing a letter or notification doesn’t remove your responsibility to…
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We have a robust system of reporting which report your income every quarter, avoiding penalties. We provide a professional, marketing-driven approach to make your financial reporting simple, accurate, and stress-free, helping you stay compliant and confident in your business growth.Feel free to contact us for more information. info@capitalaccountants.com Phone: +44 20 8962 3400

One of the biggest misconceptions about MTD for Income Tax is that taxes will need to be paid quarterly. In reality, MTD changes only the reporting process, not the payment dates. After the system launches, taxpayers will need to submit quarterly updates to HMRC. These are regular reports showing income and expenses throughout the year.…
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MTD for Income Tax does not apply only to high-earning self-employed individuals. Many people do not realise they may also fall under the new HMRC rules. For example, if someone works through PAYE but also rents out property or earns side income from self-employment, this income is also considered for MTD. HMRC looks at qualifying…
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HMRC is increasingly targeting businesses that operate mainly with cash — such as beauty salons, restaurants, small shops, and service-based businesses. The reason is simple: these sectors most often show discrepancies between actual and declared income. Today, HMRC uses data matching systems — it automatically compares bank transactions, expenses, and reported turnover. This allows them…
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In the UK, it sometimes happens that a payment to HMRC is sent to the wrong account or with an incorrect reference. This is not a critical issue, but it should be corrected as soon as possible. First of all, there is no need to panic — the money usually does not get lost, it…
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A director’s loan (money taken from a company by its director) is one of the most frequently reviewed areas by HMRC in UK companies. Mistakes here can lead to additional taxes and penalties. Common issues occur when: HMRC pays close attention to these transactions because they are often misused or poorly recorded. Proper management of…
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HM Revenue and Customs may review your business at any time — make sure everything is in order. If even 1–2 points are missing — your business is at risk. Contact us, we will review your accounting, identify risks, and prepare your business for HMRC checks.